- Joined
- 16 April 2014
- Posts
- 40
- Reactions
- 0
Hi guys,
Am new to the forum.
Was looking around for information pertaining to Hang Seng Futures Depth of Market. Does anyone know where I can get them?
Most of the Futures brokers provide DOMs these days, i.e. IB, CQG etc
Not a good day to be short.
Nonetheless, IG Clients remain short.
I've made acceptable money long today, but still only using very small position sizes. Will get serious about going long if we get solidly through the next rounditis resistance/support level at 5500.
The actual June futures contract is teeeeeetering right on 5500, has broken though with 2 quick jumps but just sitting below at the moment....interested to see where the market ends up today..
Hey Pav, I'm enjoying the diversity of futures instruments and discussion going on in here, but why not try the FTSE specific thread too? Let's have our cake and eat it too. Would be be great to have some more active trader discussion in the Derivatives section of the forum.
Overnight SPI action has the price back at the 5500 mark. After a pullback and support holding at the 5480 level, it now sits roughly in the middle of the 5480 - 5530 range, and appears to be grinding higher. With the overnight positive action in the US and EU it may test the 5530 level sooner rather than later IMO. Looking more Bullish than Bearish ATM.
Any Swing Traders out there now Long on the SPI off the 5400 level?
I only day trade the SPI, my preference for longer term swing trades is the FESX due to volume (EOD setups).
View attachment 58079
Depends what timeframe you are talking as to bullish or bearish I guess.
But I see things a little differently.
Resistance ahead in the 5500-5550 area.
My default position is always caution around this sort of resistance.
I wouldn't see this as bullish unless it breaks through the 5550 area and then probably pulls back either intra-day or on the daily to test these recent highs as a support area.
Until then I am going on record saying this looks bearish to me and if I was looking for a position trade I'd be looking for a good low-risk setup between here and just below the 5550 area.
Time will tell.
When you refer to position trade, I take it you are referring to a Swing Trade over larger timeframes, i.e. hourly, 4 hourly etc? Just curious.if I was looking for a position trade I'd be looking for a good low-risk setup between here and just below the 5550 area.
When you refer to position trade, I take it you are referring to a Swing Trade over larger timeframes, i.e. hourly, 4 hourly etc? Just curious.
I use the 30 min chart, and sometimes a 15 min chart, on the SPI as a guide for the current short term trend, but use 3 range bars intraday for setups, entries and exits. My average intraday profit target is small, with very tight even smaller stops (trailing).
Like you say all depends on the timeframe, and to add to this the objective for the trade.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?